This Market...

[spence]

Originally Posted by Jim in CT

my hope is that the relief package provides loans to banks to allow them to be more forgiving than usual
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Banks will likely be just as forgiving as they are legally required to be.
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[Jim in CT]

Originally Posted by spence

Banks will likely be just as forgiving as they are legally required to be.
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That's not what happened after 2008...

[Ian]

Originally Posted by Jim in CT

That's not what happened after 2008...

Go on...
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[Jim in CT]

Originally Posted by Ian

Go on...
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there were all kinds of efforts by banks to find ways to help
people stay in their homes. i had neighbors with a nice house who struggled , they worked with the bank for over a year. not everything was mandated by law, there was a lot of back
and forth negotiating.

it’s much cheaper and easier
for banks to keep existing homeowners in their homes, then to try to foreclose and sell.
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[Jim in CT]

Originally Posted by spence

Banks will likely be just as forgiving as they are legally required to be.
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Bank Of America going beyond...

https://www.foxbusiness.com/markets/...navirus-crisis
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